单选题
An analyst does research about debt covenants. Which of the following least likely lowers the risk to creditors? A debt covenant specifying a minimum level of the borrower's: A. current ratio. B. dividend payout ratio. C. interest coverage ratio.
【正确答案】
B
【答案解析】[解析] current ratio= current assets/current liabilities interest coverage ratio=earnings before interest and taxes/interest payments 设定流动比率(current ratio)和利息保障倍数(interest coverage ratio)的最小值，有利于保持发行人的偿债能力，降低了债权人的风险；而设定最低的派息率，会将更多的股利分配给股东，从而减少了公司现金，增加了债权人的风险。